ShareChat’s parent company, Mohalla Tech Pvt., is planning an initial public offering (IPO) to raise up to $400 million, according to reports. The fundraising would be carried out through a public listing planned for next year. Mohalla Tech operates multiple consumer social and content platforms, including the ShareChat social network, the short-video app Moj, and QuickTV, a subscription-based micro-drama service. One report also says the company’s annual revenue has already crossed 10 billion rupees and is growing at an annualized pace of up to 14 billion rupees, with growth exceeding 30%. The company counts investors such as LightSpeed and Tiger Global among its backers. The reports do not specify the IPO size as a fixed figure beyond the “up to” amount, nor do they provide details on the expected valuation, filing timeline, or listing market. Overall, the available information indicates the company is preparing for a next-year IPO aimed at raising as much as $400 million.
ShareChat operator Mohalla Tech plans up to $400 million IPO next year
ShareChat’s parent company, Mohalla Tech Pvt., is planning an initial public offering (IPO) to raise up to $400 million, according to reports. The fundraising would be carried out through a public lis...
- Mohalla Tech Pvt., the company behind ShareChat, is planning an IPO next year.
- The IPO is reported to target raising up to $400 million.
- Mohalla Tech operates ShareChat, short-video platform Moj, and subscription-based micro-drama app QuickTV.
- Reported annual revenue has crossed 10 billion rupees, with annualized revenue up to about 14 billion rupees.
- Reported revenue growth is above 30% and backers include LightSpeed and Tiger Global.
Annual revenue at ShareChat, which counts LightSpeed and Tiger Global among its backers, has already crossed 10 billion rupees and is running at an annualized pace of as much as 14 billion rupees, with growth exceeding 30%.
3 hours agoMohalla Tech Pvt., which operates social network ShareChat, short-video platform Moj and subscription-based micro-drama app QuickTV, is seeking to raise as much as $400 million from a public market listing planned for next year.
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